VERVAET RENAAT ARCHITECT: what changed
VERVAET RENAAT ARCHITECT
Largest movements
- Cash +€371,516
up €371,516 (+38.4%), from €967,382 to €1.3m
mainly Net result for the year (+€161,664) and Receivables after one year (+€150,000)
- Receivables after one year -€150,000
down €150,000 (-45.5%), from €330,000 to €180,000
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€42,521
down €42,521 (-15.0%), from €282,574 to €240,053
of which Furniture and vehicles: -€39,642
- Receivables within one year +€36,013
up €36,013 (+111%), from €32,504 to €68,517
of which Trade receivables: +€29,109
- Tax, wage and social debts +€69,324
up €69,324 (+235%), from €29,537 to €98,861
- Trade debts +€27,387
up €27,387 (+281%), from €9,741 to €37,128
- Depreciation +€25,728
up €25,728 (+93.8%), from €27,435 to €53,163
- Gross operating margin +€9,768
up €9,768 (+3.6%), from €267,898 to €277,666
- Financial income +€4,559
up €4,559 (+31.4%), from €14,525 to €19,084
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,712,460 | €1,827,468 | +€115,008 | +6.7% |
| Fixed assets | 21/28 | €282,574 | €240,053 | -€42,521 | -15.0% |
| Tangible fixed assets | 22/27 | €282,574 | €240,053 | -€42,521 | -15.0% |
| Land and buildings | 22 | €98,375 | €95,496 | -€2,879 | -2.9% |
| Furniture and vehicles | 24 | €184,199 | €144,557 | -€39,642 | -21.5% |
| Current assets | 29/58 | €1,429,886 | €1,587,415 | +€157,529 | +11.0% |
| Amounts receivable after more than one year | 29 | €330,000 | €180,000 | -€150,000 | -45.5% |
| Other amounts receivable | 291 | €330,000 | €180,000 | -€150,000 | -45.5% |
| Amounts receivable within one year | 40/41 | €32,504 | €68,517 | +€36,013 | +111% |
| Trade receivables | 40 | €12,634 | €41,743 | +€29,109 | +230% |
| Other amounts receivable | 41 | €19,870 | €26,774 | +€6,904 | +34.7% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €967,382 | €1,338,898 | +€371,516 | +38.4% |
| Total equity and liabilities | 10/49 | €1,712,460 | €1,827,468 | +€115,008 | +6.7% |
| Equity | 10/15 | €1,673,182 | €1,673,769 | +€587 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,262,473 | €1,263,060 | +€587 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,241,863 | €1,244,310 | +€2,447 | +0.2% |
| Profit (loss) carried forward | 14 | €392,109 | €392,109 | = | 0.0% |
| Amounts payable | 17/49 | €39,278 | €153,699 | +€114,421 | +291% |
| Amounts payable within one year | 42/48 | €39,278 | €135,989 | +€96,711 | +246% |
| Trade debts | 44 | €9,741 | €37,128 | +€27,387 | +281% |
| Suppliers | 440/4 | €9,741 | €37,128 | +€27,387 | +281% |
| Taxes, remuneration and social security | 45 | €29,537 | €98,861 | +€69,324 | +235% |
| Taxes | 450/3 | €29,537 | €98,861 | +€69,324 | +235% |
| Accrued charges and deferred income | 492/3 | - | €17,710 | +€17,710 | |
| Non-recurring operating income | 76A | €1,033 | - | -€1,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,435 | €53,163 | +€25,728 | +93.8% |
| Other operating charges | 640/8 | €2,689 | €3,387 | +€698 | +26.0% |
| Gross operating margin | 9900 | €267,898 | €277,666 | +€9,768 | +3.6% |
| Operating profit (loss) | 9901 | €237,774 | €221,116 | -€16,658 | -7.0% |
| Financial income | 75/76B | €14,525 | €19,084 | +€4,559 | +31.4% |
| Recurring financial income | 75 | €14,525 | €19,084 | +€4,559 | +31.4% |
| Financial charges | 65/66B | €409 | €1,291 | +€882 | +216% |
| Recurring financial charges | 65 | €409 | €1,291 | +€882 | +216% |
| Profit (loss) for the period before taxes | 9903 | €251,890 | €238,909 | -€12,981 | -5.2% |
| Income taxes | 67/77 | €78,560 | €77,245 | -€1,315 | -1.7% |
| Profit (loss) for the period | 9904 | €173,330 | €161,664 | -€11,666 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €173,330 | €161,664 | -€11,666 | -6.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.